An earlier report about the sale of the Grizzlies to Robert Pera already being in trouble of falling through by Mitch Lawrence of the New York Daily News is inaccurate.

Lawrence erroneously reported that Pera's net worth fell from $1 billion to $200 million over the last two weeks due to a severe change in the stock price of his Ubqiquiti Networks.

Pera agreed to buy the Grizzlies for $350 million.

Sources say Pera's net worth is well over $800 million.